Beximco Pharma Regulatory News (BXP)

Taka in thousand

As at

As at

September 30, 2012

December 31, 2011

ASSETS

Non-Current Assets

16,336,036

15,884,878

Property, Plant and Equipment- Carrying Value

16,176,462

15,745,493

Intangible Assets

156,123

135,934

Investment in Shares

3,451

3,451

Current Assets

7,945,056

7,148,463

Inventories

2,324,252

2,291,845

Spares & Supplies

369,494

325,881

Accounts Receivable

1,244,678

978,224

Loans, Advances and Deposits

919,476

840,321

Short Term Investment

2,555,974

2,193,424

Cash and Cash Equivalents

531,182

518,768

TOTAL ASSETS

24,281,092

23,033,341

EQUITY AND LIABILITIES

Shareholders' Equity

18,117,658

17,128,129

Issued Share Capital

3,046,390

2,517,678

Share Premium

5,269,475

5,269,475

Excess of Issue Price over Face Value of GDRs

1,689,637

1,689,637

Capital Reserve on Merger

294,951

294,951

Revaluation Surplus

1,405,911

1,466,603

Retained Earnings

6,411,294

5,889,785

Non-Current Liabilities

3,283,809

3,257,051

Long Term Borrowings-Net off Current Maturity (Secured)

1,629,189

1,890,075

Liability for Gratuity & WPPF

487,111

403,599

Deferred Tax Liability

1,167,509

963,377

Current Liabilities and Provisions

2,879,625

2,648,161

Short Term Borrowings

1,663,278

1,642,216

Long Term Borrowings-Current Maturity

553,342

363,744

Creditors and Other Payables

443,833

523,798

Accrued Expenses

93,026

101,560

Dividend Payable

1,229

1,361

Income Tax Payable

124,917

15,482

TOTAL EQUITY AND LIABILITIES

24,281,092

23,033,341

Taka in thousand

January - September 2012

January - September 2011

July - September 2012

July- September 2011

Net Sales Revenue

6,774,426

5,788,892

2,428,072

2,146,599

Cost of Goods Sold

(3,585,805)

(3,000,217)

(1,218,262)

(1,079,306)

Gross Profit

3,188,621

2,788,675

1,209,810

1,067,293

Operating Expenses

(1,528,606)

(1,264,209)

(562,306)

(461,087)

Administrative Expenses

(238,693)

(194,746)

(87,811)

(82,844)

Selling, Marketing and Distribution Expenses

(1,289,913)

(1,069,463)

(474,495)

(378,243)

Profit From Operations

1,660,015

1,524,466

647,504

606,206

Other Income

319,963

230,076

112,640

79,169

Finance Cost

(479,991)

(412,489)

(150,266)

(146,098)

Profit Before Contribution to WPPF

1,499,987

1,342,053

609,878

539,277

Contribution to WPPF

(71,428)

(63,907)

(29,042)

(25,680)

Profit Before Tax

1,428,559

1,278,146

580,836

513,597

Income Tax Expense

(393,877)

(310,141)

(159,559)

(116,835)

Profit After Tax

1,034,682

968,005

421,277

396,762

Other Comprehensive Income

-

-

-

-

Total Comprehensive Income

1,034,682

968,005

421,277

396,762

EPS / Restated EPS (2011) Tk.

3.40

3.18

1.38

1.30

Number of Shares Used to Compute EPS

304,639,050

304,639,050

304,639,050

304,639,050

For the Period Ended September 30, 2012

Taka in thousand

Share Capital

Share Premium

Excess of Issue Price over Face Value of GDRs

Capital Reserve on Merger

Revaluation Surplus

Retained Earnings

Total

Balance on January 01, 2012

2,517,678

5,269,475

1,689,637

294,951

1,466,603

5,889,785

17,128,129

Total Comprehensive Income

-

-

-

-

-

1,034,682

1,034,682

Stock Dividend for 2011

528,712

-

-

-

-

(528,712)

-

Adjustment for Depreciation on Revalued Assets

-

-

-

-

(15,539)

15,539

-

Adjustment for Deferred Tax on Revalued Assets

-

-

-

-

(45,153)

-

(45,153)

Balance as on September 30, 2012

3,046,390

5,269,475

1,689,637

294,951

1,405,911

6,411,294

18,117,658

Net Asset Value (NAV) per Share

Tk. 59.47

For the Period Ended September 30, 2011

Taka '000

Share Capital

Share Premium

Excess of Issue Price over Face Value of GDRs

Capital Reserve on Merger

Revaluation Surplus

Retained Earnings

Total

Balance on January 01, 2011

2,098,065

5,269,475

1,689,637

294,951

1,534,646

5,087,313

15,974,087

Total Comprehensive Income

-

-

-

-

-

968,005

968,005

Stock Dividend for 2010

419,613

-

-

-

-

(419,613)

-

Adjustment for Depreciation on Revalued Assets

-

-

-

-

(17,670)

17,670

-

Adjustment for Deferred Tax on Revalued Assets

-

-

-

-

(51,046)

-

(51,046)

Balance as on September 30, 2011

2,517,678

5,269,475

1,689,637

294,951

1,465,930

5,653,375

16,891,046

Net Asset Value (NAV) per Share

Tk. 67.09

Taka in thousand

January -

January -

July -

July -

September

September

September

September

2012

2011

2012

2011

Cash Flows from Operating Activities :

Cash Receipts from Customers and Others

6,508,721

5,618,003

2,207,857

2,049,564

Cash Paid to Suppliers and Employees

(4,903,698)

(4,012,833)

(1,819,956)

(1,370,617)

Cash Generated from Operations

1,605,023

1,605,170

387,901

678,947

Interest Paid

(479,991)

(412,489)

(150,266)

(146,098)

Interest Received

316,383

229,917

112,347

79,170

Income Tax Paid

(125,462)

(113,183)

(36,815)

(40,832)

Net Cash Generated from Operating Activities

1,315,953

1,309,415

313,167

571,187

Cash Flows from Investing Activities :

Acquisition of Property, Plant and Equipment

(864,588)

(953,113)

(160,263)

(419,319)

Intangible Assets

(30,859)

(77,106)

(9,652)

(43,125)

Disposal of Property, Plant and Equipment

4,816

-

336

-

Short Term Investment

(362,550)

(1,619,941)

(9,355)

(1,521,299)

Net Cash Used in Investing Activities

(1,253,181)

(2,650,160)

(178,934)

(1,983,743)

Cash Flows from Financing Activities :

Net Increase/(Decrease) in Long Term Borrowings

(71,288)

(65,883)

(16,426)

11,677

Net Increase/(Decrease) in Short Term Borrowings

21,062

20,712

(98,232)

1,269

Ordinary Share Dividend

(132)

(444)

-

(313)

Net Cash Generated from Financing Activities

(50,358)

(45,615)

(114,658)

12,633

Increase/(Decrease) in Cash and Cash Equivalents

12,414

(1,386,360)

19,575

(1,399,923)

Cash and Cash Equivalents at Beginning of Period

518,768

1,471,448

511,607

1,485,011

Cash and Cash Equivalents at End of Period

531,182

85,088

531,182

85,088

Net Operating Cash Flow Per Share

Tk

4.32

5.20

1.03

2.27